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Global Revenues From Carbon Nanotube Production to Reach $527 Million in 2016
According to a new technical market research report, global revenues from carbon Nanotube (CNT) production totaled $192 million in 2011, and are projected to reach $238.9 million in 2012, and $527 million in 2016, a five-year compound annual growth rate (CAGR) of 22.4%.
The CNT market can be split into three segments based on grade: Multi-wall, few-wall, and single wall.
The multi-wall segment was valued at $189 million in 2011 and is expected to account for $292 million in 2016, a CAGR of 9.1%.
The few-wall segment, worth only $1.8 million in 2011, is expected to be worth $120 million in 2016, a CAGR of 131.6%.
The single-wall segment was valuedat $1.2 million in 2011, but by 2016 should be worth $115 million, another high CAGR at 149.1%.
Among the numerous categories in the evolving field of newly synthesized nanomaterials, carbon nanotubes (CNTs) are perhaps among the most dynamic and undergoing the most rapid pace of development. The past five years have witnessed relentless growth in the research, development, and technological understanding of these remarkable materials. Universities, small businesses and start-ups, as well as large corporations, have continued to probe and exploit numerous commercial possibilities for these fascinating materials. As a result, the list of product applications is expanding considerably and is projected to do so well into the future.
In their simplest form, CNTs represent seamless cylinders of graphene film with diameters close to only 1 Nanometer (nm). As such, they exhibit an unprecedented range of properties singularly unequaled by any other nanomaterials. They include, among many unusual properties, exceptional mechanical strength and flexibility, and high electrical and high thermal conductivity.
Until recently, CNTs were available only in limited quantities at exorbitant prices, and only really catering to the research community. Today, that has changed significantly. Large-scale quantities are now becoming available at annual production capacities, depending on the grade, in kilograms, tonnes (t), and even thousands of tonnes. Correspondingly, unit costs have plummeted, and, with the promise of market breakthroughs, are expected to decline further within the next five years. In tandem with the recent commercial availability of bulk quantities of CNTs, many industries are now seriously exploring new commercial market opportunities.
This report will give its audience:
- An extensive patent analysis of relevant U.S. patents
- An in-depth assessment of the unfolding commercial markets
- A report of the progress in the synthesis and commercial scale-up of CNTs
- An extensive compilation of the producers and end users dictating market development
- A five-year projected market analysis of the emerging CNT industry.
This comprehensive technical and business assessment on the current status of the CNT industry should prove informative to nanomaterials manufacturers; investors seeking near-term commercialization opportunities; technologists confronted with nanomaterial device integration issues; and companies interested in exploiting revolutionary nanomaterials for advanced composites, biomedical, electronic, energy storage, membranes/separation, sensing, security, and other emerging applications.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' website. View the report: Global Markets and Technologies for Carbon Nanotubes